Ironwood Capital, Clairvest invest in Boston Carting Services

Two private equity companies have invested in Star Waste, dba Boston Carting Services LLC, a nonhazardous solid waste company based in Franklin, Massachusetts, that provides commercial, residential and roll-off collection services to Greater Boston. The company also operates a construction and demolition material recovery facility (MRF) in North Andover, Massachusetts. 

“I thoroughly enjoyed working with Patsy,” Kendall says. “He’s done a terrific job scaling up BCS and has positioned it for exciting growth from here with Clairvest, another well-respected private equity firm with experience in this space.” 

“We are excited for this opportunity to back the founder and CEO, Patsy Sperduto, who has over 25 years of experience in the solid waste management industry," Michael Castellarin, managing director at Clairvest. "Having known Patsy and watched his success over the past 10 years, we are excited to now work together to build a regional leader. We are impressed by Patsy’s clear vision to grow and build on Star Waste’s position in the New England market."

Sperduto says, “Clairvest’s partnership-oriented investment style and expertise in supporting the growth of regional solid waste companies stood out to me when deciding on the ideal equity partner for Star Waste’s next phase. Beyond capital, Clairvest brings significant experience in the waste management sector and relationships in the industry which will be instrumental in supporting our team as we grow."

He also expresses how much he's enjoyed working with Suit, Kendall and the Ironwood team. "They’ve been great partners, and I look forward to their continued involvement as board members and investors going forward."

Sperduto adds, "I’m also extremely excited to partner with Michael Castellarin, Clairvest managing director, on the future of BCS.”

Clairvest says the investment builds on its 16-year track record in the environmental services industry. Star Waste represents what Clairvest calls its 58th platform investment and eighth platform investment partnership in the waste management sector.

The Canadian firm says the Clairvest/CEP VI co-investment pool is capitalized at $850 million “and focuses on equity investments in growth companies.” Other industry sectors in which Clairvest has a presence include casino, entertainment and specialty aviation. In the waste and recycling sector, it also has stakes in New York-based Winters Bros. and DTG Recycle in the state of Washington.